Canada Goose Holdings Inc. GOOS, -14.58% shares slipped 1.1% in Wednesday premarket trading after the luxury outerwear company reported wider fiscal first-quarter losses year-over-year. Net losses totaled C$58.4 million (US$46.6 million), or 51 cents per share, after a loss of C$48.1 million, or 46 cents per share, last year.
Adjusted loss per share was 45 cents ahead of the FactSet consensus for a loss of 55 cents. Revenue of C$56.3 million (US$44.9 million) was up from C$26.1 million last year and ahead of the FactSet consensus for C$51.3 million. E-commerce revenue was up 80.8%. Canada Goose stock has gained 49.3% for the year to date while the S&P 500 index SPX, 0.04% is up 18.1% for the period.